government consumption would help lower the overall consumption level in the economy and lower its intertemporal price-the real …

direct bearing on the ongoing efforts to move toward a fully fledged inflation-targeting regime and develop interest rates as …

inflation targeting in 1999. The results suggest that the inflation targeting framework has helped anchor expectations, with the …This study examines the macroeconomic determinants of survey inflation expectations in Brazil since the adoption of … dispersion of inflation expectations declining considerably, particularly during periods of high uncertainty. We also find that …

data, we find that expectations of future inflation play a much more important role than past inflation in shaping the … inflation process. We also find that an improvement in primary fiscal balances significantly reduces inflation expectations … of inflation rates to decline to targeted levels during many disinflation programs? This paper assesses the relative …

, expectations of future inflation are more important than past inflation in shaping the inflation process, providing little evidence … of "backward-looking" behavior. Using survey data, we find that inflation expectations, in turn, depend largely on the …Persistently high inflation rates have led many to believe that inflation in Turkey has become "inertial," posing an …